10 The importance and growth of multinational companies

Question 1

commodities

Answer 1

products that are bought and sold

Question 2

patents

Answer 2

legal documents giving a person or company the right to make or sell a new invention, product, or method of doing something and stating that no other person or company is allowed to do this

Question 3

ventures

Answer 3

new business activity that involves taking risks

Question 4

currency reserves

Answer 4

money in foreign currency held by a country and used to support its own currency and to pay for imports and foreign debts

Question 5

human capital

Answer 5

people and their skills

Question 6

enterprise

Answer 6

the activity of starting and running businesses

Question 7

exploitation

Answer 7

situation in which you treat someone unfairly by asking them to do things for you, but give them very little in return

Question 8

repatriation of profit

Answer 8

where a multinational returns the profits from an overseas venture to the country where it is based, typically from a developing country to a developed country

Question 9

livelihood

Answer 9

way you earn money in order to live